AI chipmaker Cerebras targets up to $4bn IPO at $40bn valuation
After a CFIUS-induced retreat in 2024, the wafer-scale chip startup is back with an OpenAI deal in its pocket and a sharper bet against Nvidia. Eighteen months ago, Cerebras Systems looked like a cautionary tale. The Sunnyvale-based AI chip startup had filed for an initial public offering in September 2024, only to see its plans […]<br /> This story continues at The Next Web [...]
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OpenAI deploys Cerebras chips for 15x faster code generation in first major move beyond Nvidia
OpenAI on Thursday launched GPT-5.3-Codex-Spark, a stripped-down coding model engineered for near-instantaneous response times, marking the company's first significant inference partnership outsi [...]
Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation
Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than a [...]
Cerebras closes $1 billion funding round at $23 billion valuation after landing OpenAI deal
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Banks working on the SpaceX IPO reportedly have to subscribe to Grok
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NVIDIA tops $40bn in AI equity bets in 2026, anchored by $30bn OpenAI investment
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Anthropic says it hit a $30 billion revenue run rate after 'crazy' 80x growth
Dario Amodei is not the kind of CEO who talks loosely about numbers. The Anthropic co-founder and chief executive, a former VP of research at OpenAI with a PhD in computational neuroscience from Princ [...]